The present invention is directed to a pneumatic tire having a built-in sealant layer and its preparation. In one embodiment, the pneumatic tire includes an outer circumferential rubber tread and a supporting carcass. An optional rubber inner liner is disposed inwardly from the supporting carcass. A built-in sealant layer is disposed inwardly from the rubber inner liner. The built-in sealant layer provides self-sealing properties to the pneumatic tire. A gas permeable layer is situated adjacent an innermost rubber inner liner and the built-in sealant layer. The innermost rubber inner liner has a plurality of spaced apart openings extending therethrough, which are covered by the gas permeable layer. The tire, with its innermost inner liner with holes and the gas permeable layer, allows for elimination or reduction in blister formation in the tire by permitting gas from the built-in sealant layer to escape.